How does the development of quaternary industries impact local economies?(1 point)

Responses

Quaternary industries involve the efficient production of food and raw materials, which benefits urban centers.
Quaternary industries involve the efficient production of food and raw materials, which benefits urban centers.

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.
These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

Quaternary industries develop in places based on comparative advantage and draw tourists.
Quaternary industries develop in places based on comparative advantage and draw tourists.

The development of quaternary industries does not impact local economies.
The development of quaternary industries does not impact local economies.

1 answer

The most accurate response is:

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

Quaternary industries, which focus on knowledge-based activities such as research, information technology, and financial services, tend to generate higher-skilled employment. However, their growth can also lead to increased competition for local businesses and potentially drive changes in the economic landscape of a community.